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Ferroamp and NOTE conclude agreement on volume production
Ferroamp has signed a partnership agreement with the electronics manufacturer NOTE on the volume production of EnergyHub.
Ferroamp has signed a partnership agreement with the electronics manufacturer NOTE, which is one of Northern Europe’s leading contract manufacturing partners for electronics, with operations in Sweden, Finland, the UK, Estonia and China. NOTE will manufacture EnergyHub, the brain in Ferroamp’s smart system that integrates renewable energy, electric vehicles and energy storage with connection to the power grid in properties.
Volume production is expected to start during Q4 this year at NOTE’s factories in Norrtälje and Pärnu. The partnership will enable lower costs and a higher production rate for the manufacturing of EnergyHub.
“The collaboration with NOTE is an important step in our continued industrialisation of the company, as we move from being production-driven to scalable volume production. The agreement with NOTE, a well-established player in electronics manufacturing, gives us the conditions to grow the company moving forwards, both nationally and internationally,” says Krister Werner, CEO of Ferroamp.
For further information, please contact:
Krister Werner, CEO, +46 76 535 86 64
For more information, please visit: www.ferroamp.com
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About Ferroamp Elektronik
Ferroamp Elektronik AB (publ), founded in 2010, is a fast-growing greentech company that offers advanced energy and electric power optimisation solutions for properties. Ferroamp has a scalable platform that offers the opportunity to combine patented technology in a proprietary EnergyHub with alternative energy sources and energy storage. In a unique solution, several buildings can also be connected in one microgrid - Powershare. Customers at present consist primarily of property companies, energy consultants and electric power companies. Ferroamp has received several prominent international environmental awards. The company’s head office is located just outside Stockholm.
The Ferroamp share (FERRO) is traded on Nasdaq First North Growth Market with G&W Fondkommission as Certified Advisor (email ca@gwkapital.se, phone +46 8 503 000 50).
About NOTE
NOTE is one of northern Europe's leading contract manufacturing partners for electronics. NOTE manufactures circuit boards (PCBA), sub-assemblies and complete products (box build). The customer offering encompasses the entire product life cycle, from design to after-sales services. NOTE is established in Sweden, Finland, the UK, Estonia and China. Sales in the last 12 months totalled SEK 1,901 million, and the number of employees in the Group is approximately 1,100. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note-ems.com.
